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According to a new market research report of “Intelligent Transport Systems Market by Component, Application, System (ATMS, ATIS, ITS- Enabled Transportation, Pricing System, APTS and CVO)and Geography (Americas, Europe, APAC, ROW) Analysis and Forecast to 2014 - 2020”, is expected to grow at a CAGR of 11.30% from 2014 to 2020 and reach $33.75 Billion in 2020.

This research report categorizes the ITS market based on various applications, System, component, and geography; it also covers the revenue foretold from 2013 to 2020. It describes the demand for ITS in various regions. The report describes the applications mapping in the Intelligent Transportation Systems market with respect to the growth potential.

This report describes the market trends, drivers, and challenges of ITS market and forecasts the ITS market from 2013 to 2020, based on the various systems of ITS, applications, and geography. This report covers geographies such as the Americas, Europe, APAC, and ROW (Rest of the World).

The major driving factors for the Intelligent Transport System aresolution to traffic congestion and government support; public private partnership is the key to the success in implementing intelligent transportation system. In this report various new technologies like V2V and V2I communication system are discussed and it also include the prominent Architecture of ITS and insights of Standards used in Intelligent Transport System. The report forecasts the growth from 2014 to 2020, along with market size, list of leading players, the latest technology adoption, M&A s, and JV s of key players.

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